Enbridge – Page 5 – Oil & Gas 360

Enbridge and Spectra Energy Eliminate Incentive Distribution Rights

January 22, 2018

Enbridge Inc. (ticker: ENB) and Spectra Energy Partners, LP (ticker: SEP) announced today their execution of a definitive agreement resulting in Enbridge converting all of its incentive distribution rights (IDRs) and general partner (GP) economic interests in Spectra Energy Partners into 172.5 million newly issued SEP common units. As part of the transaction, all of the IDRs have been eliminated.

Enbridge Inc. Closes $500 Million Preferred Share Offering

December 11, 2017

Enbridge Inc. (ticker: ENB) announced today that it has closed its previously announced public offering of Cumulative Redeemable Minimum Rate Reset Preference Shares, the Series 19 Preferred Shares, through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, and National Bank Financial. Enbridge issued 20 million Series 19 Preferred Shares, inclusive of 4 million Series 19

Enbridge: We are Executing

November 7, 2017

Enbridge Q3 results: projects are moving forward Enbridge Inc. (ENB) – ENB Q3 highlights Earnings were $765 million or $0.47 per common share for the third quarter and $2,322 million or $1.57 per common share for the nine-month period, both including the impact of a number of unusual, non-recurring or non-operating factors Adjusted earnings were $632 million or $0.39 per common

Will Enbridge’s Line 3 become the Next Keystone XL?

September 12, 2017

Minnesota Commerce Dept. sees no need for Enbridge’s Line 3 Replacement Pipeline Project The Line 3 Replacement Program is a multi-billion dollar private investment consisting of 1,031 miles of 36-inch diameter pipeline beginning in Hardisty, Alberta and ending in Superior, Wisconsin; it is one of North America’s largest infrastructure programs: Enbridge Calgary-based energy transportation giant Enbridge (ticker: ENB) has said

Enbridge Reports Q4 2016 Results, Awaits Merger Regulatory Approval

February 17, 2017

Q4 HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Earnings were $365 million or $0.39 per common share for the fourth quarter and $1,776 million or $1.95 per common share for the full year, both including the impact of a number of unusual, non-recurring or non-operating factors Adjusted earnings were $522 million or $0.56 per

Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

November 30, 2016

Canada added to the onslaught of energy news this week by approving and disapproving oil pipelines. Yesterday’s announcement of two approved pipes will make it possible for Canada to move about 1 MMBOPD to global markets from Alberta’s oilsands. The Trudeau administration approved Kinder Morgan’s (ticker: KMI) Trans Mountain pipeline and Enbridge’s (ticker: ENB) Line 3, while it rejected the Northern Gateway project.

EnerCom Conference The Oil & Gas Conference

Positive News for Keystone XL and Cross-Border Energy Projects

November 9, 2016

Former Enbridge CEO Daniel sees possible re-application for Keystone XL Former Enbridge CEO Patrick Daniel told BNN today that he is believes Donald Trump’s victory will be positive for cross-border energy pipeline projects, starting with the Keystone XL pipeline, the final application for which was turned down by the Obama administration a year ago after seven years of permitting activity.

Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

September 6, 2016

Enbridge and Spectra will combine to create company with US$127 billion enterprise value Pipeline companies Enbridge Inc. (ticker: ENB) and Spectra Energy Corp (ticker: SE) announced Tuesday that they have entered into a definitive merger agreement under which the two companies will combine in a stock-for-stock transaction which values Spectra common stock at approximately US$28 billion, based on Enbridge’s common

Enbridge Inc., Enbridge Energy Partners Comment on Minnesota Public Utilities Commission Hearing

December 22, 2015

CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – The Minnesota Public Utilities Commission (Commission) voted, at its most recent hearing on December 17, 2015, on several matters regarding the process to review the applications for a certificate of need and route permit for Enbridge Energy Partners, L.P.’s (“EEP”) proposed Sandpiper pipeline and EEP’s portion of the Line 3 pipeline replacement project

With Keystone XL Dead, Environmental Groups Turn to Obama to Kill Alberta Clipper Expansion

December 11, 2015

Following judge’s confirmation of Enbridge’s legal authority to carry out 430 MMBOPD Alberta Clipper expansion U.S. District Judge Michael Davis in Minnesota rejected key parts of a lawsuit brought against Enbridge Inc. (ticker: ENB) over the expansion of the company’s Alberta Clipper pipeline. Environmental groups, including the Sierra Club, and tribal groups sought to stop the expansion of the Alberta

45% of U.S. Crude Oil Imports Come from Canada

November 12, 2015

The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped into the United States. As of August, imports from Canada were almost three times as much as imports from all

Enbridge Acquires 24.9% Interest in UK Offshore Wind Project

November 5, 2015

CALGARY, ALBERTA–(Marketwired – Nov. 5, 2015) – Enbridge Inc. (TSX:ENB)(NYSE:ENB) (the “Company”) today announced the acquisition of a 24.9 percent interest in the 400 megawatt (MW) Rampion Offshore Wind Project (the “project”) in the UK. The Company’s total investment in the project is expected to be CAD $750 million (£370 million) inclusive of all interest during construction, transaction costs and

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